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FriedButter

FriedButter

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Nasdaq seeks SEC approval for prediction markets options on major stock index​

March 2 (Reuters) - Nasdaq (NDAQ.O), opens new tab has sought approval from the U.S. Securities and Exchange Commission to roll out prediction markets options on a major stock index, according to a regulatory ‌filing.

Major U.S. exchange operators are increasingly seeking to tap into the event prediction markets space, which allow users to bet on the outcomes of real-world events and has surged into the mainstream since the 2024 U.S. presidential race.

The New York-based exchange operator is seeking to list binary ⁠options on its Nasdaq 100 index and the Nasdaq 100 micro index, according to the proposal.

The so-called Outcome-Related Options will be priced between 1 cent and $1 and let traders bet on binary outcomes of a specific event.

A binary option - also known as "all-or-nothing" option - is a type of contract that offers payout based on the outcome of a yes-or-no bet.

The Nasdaq 100 tracks 100 of the largest, non-financial companies ‌listed ⁠on Nasdaq's exchange, including Apple (AAPL.O), opens new tab, Nvidia (NVDA.O), opens new tab and Intel (INTC.O), opens new tab. The micro index is based on 1/100th of the full value of the Nasdaq 100.

Top Nasdaq executives said last week the firm was going to very focused on ⁠the Nasdaq 100 index to start its predictions markets foray.

While the CME Group (CME.O), opens new tab, overseen by the Commodity Futures Trading Commission, has made big moves to ⁠capture retail demand, SEC-monitored players such as Nasdaq (NDAQ.O), opens new tab and Cboe (CBOE.Z), opens new tab have been more measured given the evolving regulatory environment around these ⁠contracts.

Options heavyweight Cboe is also targeting a second-quarter launch for its "all-or-none" styled contracts focused on financial and economic events, subject to regulatory approvals.
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The so-called Outcome-Related Options will be priced between 1 cent and $1 and let traders bet on binary outcomes of a specific event.
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THE AMERICAN DREAM ROULETTE TABLE IS BACK.
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supersnoop

Colonel
Registered Member
siegecrossbow

siegecrossbow

Field Marshall
Staff member
Super Moderator
supersnoop said:
Hilarious.
There is an obvious anxiety of younger generations with respect to the environment. There is progress in China with respect to EVs, HSR, solar. Meanwhile western countries are burning more coal, axing EV incentives, building more ICE cars, and dragging their feet on infrastructure.

Why do people like CHYNA!!!????
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Not to mention that the capitalist ruling class just outed themselves as cannibalistic pedos…
 
Nevermore

Nevermore

Junior Member
Registered Member
FriedButter said:
Seems like an effective counter against FPV drones by using another drone. As long as the industrial capacity exists to produce them. It would be interesting if one who could deploy dozens at once against a swarm of slower drones.

https://twitter.com/i/web/status/2028197750798737808
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Today's drones are somewhat akin to small bombers from World War II. In the future, we might see drones equipped with machine guns specifically designed to hunt down other drones.
 
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